Filing Flows › Houlihan Lokey (HLI) › Operating margin
Houlihan Lokey (HLI) operating margin by quarter
Houlihan Lokey's operating margin was 22.3% in Q2 FY27 (second quarter fiscal 2027), +7.0 pts from Q1 FY27. Over the last 7 quarters it ranged from 14.9% (Q1 FY26) to 22.9% (Q2 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY27 | 22.3% | +7.0 pts | -0.6 pts |
| Q1 FY27 | 15.3% | -4.4 pts | +0.4 pts |
| Q4 FY26 | 19.7% | -2.7 pts | -1.5 pts |
| Q3 FY26 | 22.4% | -0.5 pts | — |
| Q2 FY26 | 22.9% | +8.0 pts | — |
| Q1 FY26 | 14.9% | -6.3 pts | — |
| Q4 FY25 | 21.2% | — | — |
Q2 FY27 at a glance
Houlihan Lokey, Q2 FY27: revenue $692M (+5% year over year), operating margin 22.3%, net earnings $109M, operating cash flow $252M. The chart follows the revenue to costs, profit and cash.
Questions
What is Houlihan Lokey's operating margin?
Houlihan Lokey's operating margin was 22.3% in Q2 FY27 (second quarter fiscal 2027), +7.0 pts from Q1 FY27.
How has Houlihan Lokey's operating margin changed?
Over the last 7 quarters it ranged from 14.9% (Q1 FY26) to 22.9% (Q2 FY26).